The volume of investments by companies and venture capital funds in the world of Metaverse or virtual reality reached 120 billion dollars in the period from January to May 2022.
According to Arabiya Net, the value of these investments is more than double what was invested in 2021, which amounted to 57 billion dollars.
The real estate sector is the preferred investment, real or virtual, real estate based on Metaverse is a plot of land on a platform on which you can build anything digitally, such as an art gallery or a digital concert hall, and the platforms that develop these lands generate revenue by selling them Or lease it to luxury brands and fashion houses trying to reach consumers in Metaverse.
Today, government entities are seeking to take advantage of metaverses, by providing international headquarters such as embassies and consulates by default, such as the UAE Ministry of Economy, which announced the launch of a virtual headquarters in the world of metaverses.
While problems in the real world economy, cryptocurrency market and stock markets did not exclude the virtual world, for example, sales of retail space and virtual land fell by more than 60% this year to less than two billion dollars.
Citibank has indicated that the metaverse market and all other related industries may reach between $8 trillion and $13 trillion by 2030, and the total number of metaverse users will reach about 5 billion people.
It is expected that e-commerce will be one of the sectors that benefit the most from the virtual world. By 2030, the volume of e-commerce in Metaverse is expected to be $2.6 trillion, and many car manufacturers have also developed digital factories and virtual showrooms to simulate and test cars on Metaverse, which led to the growth of Fast forward to the sector, and the Metaverse auto segment is expected to reach $16.5 billion by 2030.
He expects that other sectors such as art, media, advertising, healthcare and gaming will benefit the most from the virtual world.
